{"id":19378,"date":"2021-06-24T15:16:34","date_gmt":"2021-06-24T15:16:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19378"},"modified":"2026-04-23T18:15:26","modified_gmt":"2026-04-23T21:15:26","slug":"melco-resorts-could-benefit-from-non-gaming-project-in-zhongshan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-could-benefit-from-non-gaming-project-in-zhongshan","title":{"rendered":"Melco Resorts could benefit from non-gaming project in Zhongshan"},"content":{"rendered":"\n

According to Sanford C. Bernstein Ltd, the Melco entertainment complex in Zhongshan could help the company retain its gaming concession in Macau’s 2022 retender.<\/p>\n\n\n\n\n\n\n\n

Macau.- Melco International has announced a partnership with Agile Group Holdings Ltd to develop a\u00a0non-gaming complex in Zhongshan<\/strong>, in China’s Guangdong province.<\/p>\n\n\n\n

The\u00a0RMB4bn ($616m) complex<\/strong>, slated for completion by 2025,\u00a0will feature a theme park, office areas, hotels, service flats, wellness centres and malls.<\/p>\n\n\n\n

According to\u00a0Sanford C. Bernstein<\/strong>, the complex\u00a0will benefit Melco Resorts<\/strong>\u00a0with several longer-term impacts since it displays the company’s commitment to developing non-gaming in the greater Macau area. <\/p>\n\n\n\n

Anal”should help its positioning concerning\u00a0Macau gaming concession rebidding<\/strong>.\u201d<\/p>\n\n\n\n

Macau\u2019s current casino licences will expire in June 2022<\/strong> but could be extended for up to five years under the city\u2019s gaming laws.<\/p>\n\n\n\n

There are different opinions regarding possible changes to the licence criteria<\/strong>. Some have suggested Macau<\/a> should include requirements to promote the diversification of Macau\u2019s economy to avoid it being so highly dependant on tourism and the casino industry.<\/p>\n\n\n\n

Sanford C. Bernstein analysts stated: \u201cWhile the project will not open before 2025, once in place, it can provide a co-marketing opportunity for Melco Resorts casino properties in Macau.”<\/p>\n\n\n\n

There have also been suggestions that\u00a0Macau\u00a0should consider turning to technology and online gambling<\/a> to maintain revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Sanford C. Bernstein Ltd, the Melco entertainment complex in Zhongshan could help the company retain its gaming concession in Macau’s 2022 retender.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco International, in partnership with Agile Group Holdings Ltd, is developing a RMB4bn non-gaming complex in Zhongshan, China, slated for 2025 completion. Analysts suggest this strategic investment in non-gaming assets will significantly bolster Melco's positioning for the upcoming Macau gaming concession retender in 2022, aligning with potential regulatory mandates for economic diversification.","focusai_entities":"Sanford C. Bernstein Ltd, Melco International, Agile Group Holdings Ltd, Melco Resorts","focusai_location":"Zhongshan, China, Guangdong province, Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Concession Impact?","query":"How will this non-gaming investment specifically influence the Macau government's evaluation criteria for the 2022 concession retender, particularly regarding economic diversification mandates?"},{"label":"ROI & Synergies?","query":"What is the projected return on investment and operational timeline for this RMB4bn non-gaming complex, and what specific co-marketing and operational synergies are anticipated with Melco Resorts' Macau gaming properties?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906,18488],"class_list":["post-19378","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19378"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19378\/revisions"}],"predecessor-version":[{"id":19404,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19378\/revisions\/19404"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}